NORMA Group SE Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-81.75	14.7	27.83	39.07	55.93
Depreciation & Amortization	65.85	92.5	74.96	73.62	68.2
Other Amortization	-	3.25	2.95	7.1	7.32
Loss (Gain) From Sale of Assets	0.91	0.21	0.48	-1.69	0.37
Asset Writedown & Restructuring Costs	50	-	-	-	-
Stock-Based Compensation	-0.92	-0.9	-0.53	-0.58	-0.37
Other Operating Activities	18.25	23.45	23.09	11.16	12.36
Change in Inventory	2.7	44.66	23.37	-60.36	-46.93
Change in Accounts Payable	7.27	-26.67	-27.33	25.06	21.9
Change in Other Net Operating Assets	24.93	-5.91	-3.48	-5.23	-8.46
Operating Cash Flow	89.75	136.99	118.91	76.62	108.39
Operating Cash Flow Growth	-34.48%	15.20%	55.21%	-29.31%	-18.84%
Capital Expenditures	-42.36	-54.92	-60.71	-54.5	-46.65
Sale of Property, Plant & Equipment	1.19	0.51	0.95	10.02	1.49
Cash Acquisitions	-	-9.04	-	-	-
Investing Cash Flow	-41.17	-63.45	-59.76	-44.49	-45.16
Long-Term Debt Issued	47	21.4	119.4	61.94	45.01
Long-Term Debt Repaid	-89.5	-97.38	-138.39	-75.96	-83.42
Net Debt Issued (Repaid)	-42.5	-75.98	-18.99	-14.02	-38.42
Common Dividends Paid	-12.75	-14.34	-17.52	-23.9	-22.3
Other Financing Activities	-18.39	-23.8	-21.43	-16.6	-10.37
Financing Cash Flow	-73.63	-114.12	-57.94	-54.52	-71.09
Foreign Exchange Rate Adjustments	-7.52	2.51	-4.67	5.34	8.47
Net Cash Flow	-32.58	-38.08	-3.46	-17.05	0.61
Free Cash Flow	47.39	82.07	58.21	22.12	61.74
Free Cash Flow Growth	-42.25%	40.99%	163.19%	-64.18%	-34.41%
Free Cash Flow Margin	5.74%	7.06%	4.75%	1.77%	5.64%
Free Cash Flow Per Share	1.12	2.58	1.83	0.69	1.94
Cash Interest Paid	-	23.69	19.57	11.11	10.09
Cash Income Tax Paid	-	24.62	28.32	32.28	24.62
Levered Free Cash Flow	-287	63.11	50.02	24.4	41.67
Unlevered Free Cash Flow	-272.6	79.17	64.89	31.15	46.59
Change in Working Capital	37.41	3.77	-9.88	-52.08	-35.43

Source: S&P Global Market Intelligence. Standard template. Financial Sources.